(Finance) – Moderate descent for trimblewhich proposes a negative percentage change of 0.69% compared to the previous session.
The group of hi-tech products dedicated to the acquisition, processing and visualization of 3D spatial data has received a $1 billion loan from Bank of America in view of the purchase of Transporeon, a logistics software company, for 1, 88 billion dollars.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of trimble more pronounced than the trend ofS&P-500. This expresses the market’s greater attractiveness towards the stock.
The medium-term situation of trimble remains tendentially bearish. However, looking at the short-term chart, one would be starting to question the possibility of the bear phase extending. An upward improvement of the curve is therefore expected which meets the first obstacle at USD 50.6. Support seen at 49.49. Further bullish cues favor a new target estimated probably in the 51.7 area.